A new dawn for Delhi’s small enterprises arrived Tuesday as CM Rekha Gupta spearheaded the Delhi Credit Guarantee Scheme’s launch. The MoU with CGTMSE eliminates collateral demands, enabling loans up to Rs 10 crore for MSEs in diverse fields from retail to skill training.
‘Capital access will explode, risks plummet for banks, and jobs multiply,’ Gupta proclaimed. The mechanism shines: 95% guarantee via CGTMSE (75-90%) and state backing, leaving 5% exposure. Rs 50 crore seed fund leverages to Rs 2,500 crore at 50:1, with 10% NPA controls and scalable scope.
Targeting 100,000 initial users but open-ended, it spotlights women and first-timers. Sirsa lauded it as a framework overhaul for 10 lakh MSMEs, freeing them from documentation drudgery. This partnership not only democratizes credit but builds a dynamic economy, propelling Delhi toward inclusive prosperity.